The Tampa Bay Rays and FOX Sports Net are nearing a long-term extension to continue their broadcasting partnership.

The payout is expected to increase to around $50 million in 2019 under the new deal. Over the 15-year life of the deal, which would run through the 2033 season, FOX would pay, on average, around $82 million per year, according to sources.

That value plays out to over $1 billion as part of the new agreement.